Industrial Organization

Robert Castley
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Robert Castley: University of Manchester

Chapter 7 in Korea’s Economic Miracle, 1997, pp 211-221 from Palgrave Macmillan

Abstract: Abstract After the Second World War the Japanese ‘were seeking to build an integrated production network that could compete on price grounds against America and Europe. They wanted to copy the American system and then surpass the United States in manufacturing efficiency ... Japanese large industrialists deliberately copied and then enhanced an American-style mass production in the auto and the other machinery sectors’.1 The more ‘flexible’ Japanese firms ‘fragmented market tastes by creating and responding to specialized consumer needs. As consumers became aware of the possibilities of distinctive products, they began to demand more carefully tailored goods. Increasingly success came to depend on creating or catering to submarkets in what formerly had been homogeneous mass markets’.2

Keywords: Small Firm; Large Firm; Foreign Firm; Japanese Firm; Parent Firm (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1007/978-1-349-25833-8_8

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